Will Rogers World Airport

AAR reports second quarter fiscal year 2024 results

Retrieved on: 
Thursday, December 21, 2023

Our adjusted diluted earnings per share from continuing operations in the second quarter of fiscal year 2024 were $0.81, compared to $0.69 in the second quarter of the prior year.

Key Points: 
  • Our adjusted diluted earnings per share from continuing operations in the second quarter of fiscal year 2024 were $0.81, compared to $0.69 in the second quarter of the prior year.
  • Consolidated second quarter sales increased 16% over the prior year quarter.
  • Gross profit margins were 19.0% in the current quarter, compared to 18.3% in the prior year quarter.
  • Operating margins were 7.0% in the current quarter, compared to 6.9% in the prior year quarter.

AAR announces extension and expansion of Alaska Airlines MRO relationship, expected facility expansion in Oklahoma City

Retrieved on: 
Thursday, December 7, 2023

AAR has committed to growing its dedicated airframe narrowbody capacity to provide Alaska Airlines with a minimum of six lines of maintenance support.

Key Points: 
  • AAR has committed to growing its dedicated airframe narrowbody capacity to provide Alaska Airlines with a minimum of six lines of maintenance support.
  • To support this, AAR plans to add a new three-bay hangar adjacent to its existing seven-bay facility at Will Rogers World Airport in Oklahoma City, pending final approval by the Oklahoma City Airport Trust.
  • “AAR has supported Alaska Airlines for more than 20 years, and we are eager to continue deepening our partnership with AAR,” said Don Wright, VP Maintenance and Engineering of Alaska Airlines.
  • “AAR’s facility expansion aligns with our strategic MRO initiatives related to our growing fleet of all Boeing 737 variants.”
    “Alaska Airlines is our longest-tenured Airframe MRO customer.

LOCHNER ANNOUNCES FORMATION OF NATIONAL AVIATION PRACTICE

Retrieved on: 
Monday, August 21, 2023

Lochner, Inc. ( Lochner ), a leading provider of infrastructure planning and engineering services, is pleased to announce the establishment of a national aviation practice and the associated leadership team.

Key Points: 
  • Lochner, Inc. ( Lochner ), a leading provider of infrastructure planning and engineering services, is pleased to announce the establishment of a national aviation practice and the associated leadership team.
  • Justin Pietz is leading the National Planning Division, spearheading aviation planning services on a national scale.
  • They will assume responsibility for driving strategy execution, business operations, and growth and sales for our national aviation practice, as well as furthering our staff development and recruitment initiatives.
  • Lochner acquired Armstrong Consultants in December of 2022 expanding its geographic presence and service offering to aviation clients throughout the Western U.S.

Freddy's Frozen Custard & Steakburgers Closes First Half of the Year with 31 New Locations Added to Growth Pipeline

Retrieved on: 
Thursday, July 20, 2023

WICHITA, Kan., July 20, 2023 /PRNewswire/ -- Fast-casual restaurant concept Freddy's Frozen Custard & Steakburgers® announced today its strong start to Q3, signing a franchise development agreement led by new franchisee, Ellis Choi, to debut eight new restaurants in LA County, California, a key target market in the U.S. for the brand. This announcement comes on the heels of a remarkable two quarters of growth, ending the first half of the year with more than 480 locations across 36 states. Freddy's has set its sights on reaching 500 units later this year.

Key Points: 
  • This announcement comes on the heels of a remarkable two quarters of growth, ending the first half of the year with more than 480 locations across 36 states.
  • "Our rapid expansion and increased brand exposure in Q1 and Q2 are a direct result of the strong partnerships we have cultivated with our franchisees.
  • We recognize the immense value of these relationships in ensuring our continued growth and solidifying our position as an industry leader in the fast-casual restaurant segment.
  • We look forward to leveraging our recent success and strategic initiatives to drive further growth throughout the remainder of the year."

Freddy's Frozen Custard & Steakburgers Unveils New Restaurant Design with Opening in Belleville, Illinois

Retrieved on: 
Tuesday, April 11, 2023

WICHITA, Kan., April 11, 2023 /PRNewswire/ -- Fast-casual restaurant concept Freddy's Frozen Custard & Steakburgers® announced today the opening of a corporate-owned restaurant location in Belleville, Illinois, featuring its newest restaurant design. Now available to prospective franchisees, the format features a standard drive-thru and an enhanced mobile pick-up window to meet the increased consumer demand for off-premise dining. Standing at either 2,800 square feet or 2,400 square feet, the design includes an enhanced kitchen layout to enable each order channel to maintain high efficiency across the operation. The opening in the Greater St. Louis metropolitan area comes on the heels of Freddy's recent announcement to open a location within the region's professional baseball arena, Busch Stadium.

Key Points: 
  • Leading Fast-Casual Concept's New Prototype Optimizes Off-Premise Channels with Redesigned Pick-Up Area, Among Other Features
    WICHITA, Kan., April 11, 2023 /PRNewswire/ -- Fast-casual restaurant concept Freddy's Frozen Custard & Steakburgers® announced today the opening of a corporate-owned restaurant location in Belleville, Illinois, featuring its newest restaurant design.
  • Standing at either 2,800 square feet or 2,400 square feet, the design includes an enhanced kitchen layout to enable each order channel to maintain high efficiency across the operation.
  • The opening in the Greater St. Louis metropolitan area comes on the heels of Freddy's recent announcement to open a location within the region's professional baseball arena, Busch Stadium.
  • Genuine hospitality remains a cornerstone of Freddy's brand value and is showcased through the new restaurant design.

Freddy's Frozen Custard & Steakburgers Set to Open First MLB Ballpark Location inside St. Louis' Busch Stadium

Retrieved on: 
Tuesday, February 28, 2023

WICHITA, Kan., Feb. 28, 2023 /PRNewswire/ -- Leading fast-casual restaurant concept Freddy's Frozen Custard & Steakburgers announced today the opening of the brand's first Major League Baseball (MLB) location within Busch Stadium, home of the 11-time World Series champion St. Louis Cardinals. Owned and operated by Delaware North Sportservice, the new restaurant will open when the Cardinals open their season against the Toronto Blue Jays on Thursday, March 30. In addition to its latest MLB stadium restaurant opening, the rapidly growing franchise concept currently operates in other non-traditional venues such as airports, casinos and college campuses.

Key Points: 
  • Owned and operated by Delaware North Sportservice, the new restaurant will open when the Cardinals open their season against the Toronto Blue Jays on Thursday, March 30.
  • In addition to its latest MLB stadium restaurant opening, the rapidly growing franchise concept currently operates in other non-traditional venues such as airports, casinos and college campuses.
  • "Freddy's is honored to be able to add a concession in Busch Stadium.
  • This new location is a testament to the unmatched power of The Freddy's Way among any demographic, market or location."

Freddy's Frozen Custard & Steakburgers Touts Momentous Year of Growth in 2022

Retrieved on: 
Wednesday, January 18, 2023

WICHITA, Kan., Jan. 18, 2023 /PRNewswire/ -- Fast-casual restaurant concept Freddy's Frozen Custard & Steakburgers® announced today that it achieved significant development success in 2022 with over 140 new restaurant commitments added to its growth pipeline, and 37 new locations opened throughout the year including the brand's debut in North and South Dakota. This announcement comes on the heels of Freddy's entrance to Canada, with plans to open new restaurants across nine of the country's provinces over the next several years. Additionally, as a result of the brand's 2022 agreement signings with both new and existing franchisees, Freddy's will expand in prime markets throughout Illinois, Nebraska, South Carolina and Texas, among others.

Key Points: 
  • Additionally, as a result of the brand's 2022 agreement signings with both new and existing franchisees, Freddy's will expand in prime markets throughout Illinois, Nebraska, South Carolina and Texas, among others.
  • "2022 was a milestone year for Freddy's as we celebrated our 20th anniversary, and we are extremely proud of the strong development momentum we've been able to maintain from start to finish.
  • We are excited about the future of Freddy's and look forward to celebrating the next 20 years of growth."
  • Along with the chain's 2022 growth in traditional-formatted locations, Freddy's opened its second casino location in Friant, California's Table Mountain Casino.

Tropical Smoothie Cafe® Achieves New Milestones in 2022

Retrieved on: 
Thursday, January 12, 2023

ATLANTA, Jan. 12, 2023 /PRNewswire/ -- Tropical Smoothie Cafe is rounding out yet another year of impressive growth. With 158 cafe openings and 258 executed franchise agreements in 2022, the brand was able to achieve its 11th consecutive year of positive same-store-sales growth, a notable milestone in the franchise industry. This strategic expansion has reinforced its industry-leading position and set the stage for 2023 and beyond.

Key Points: 
  • "The leadership and commitment from our franchisees and support team made 2022 another successful year for Tropical Smoothie Cafe.
  • Similarly, the brand signed 258 franchise agreements in 2022, many of which will expand Tropical Smoothie Cafe into key territories across the Midwest, as well as Northeastern and Southern states.
  • To view Tropical Smoothie Cafe and the full 2022 Franchise Times Top 500 rankings, visit: https://www.franchisetimes.com/top-500-2022/ .
  • Additionally, Tropical Smoothie Cafe ranked #11 in Entrepreneur magazine's 44th annual Franchise 500, with the prestigious spot at #1 in the Juice and Smoothie Category.

CLEAR Launches New Lanes at Will Rogers World Airport

Retrieved on: 
Monday, December 19, 2022

OKLAHOMA CITY, Dec. 19, 2022 /PRNewswire/ -- CLEAR (NYSE: YOU) today announced launching its identity verification technology at Will Rogers World Airport (OKC), bringing frictionless and predictable travel experiences to Oklahoma City.

Key Points: 
  • OKLAHOMA CITY, Dec. 19, 2022 /PRNewswire/ -- CLEAR (NYSE: YOU) today announced launching its identity verification technology at Will Rogers World Airport (OKC), bringing frictionless and predictable travel experiences to Oklahoma City.
  • "OKC is continually working to elevate the passenger experience, and our partnership with CLEAR does just that."
  • Today's launch represents continued growth in CLEAR's national footprint, where it serves a total of 48 airports and more than 14 million members.
  • CLEAR already serves 9 of OKC's top 10 domestic destinations, allowing members traveling through OKC to use CLEAR on both ends of their journey.

Freddy's Frozen Custard & Steakburgers Inks Several Franchise Development Agreements to Propel Expansion in Multiple Markets

Retrieved on: 
Tuesday, October 11, 2022

WICHITA, Kan., Oct. 11, 2022 /PRNewswire/ -- Fast-casual restaurant concept Freddy's Frozen Custard & Steakburgers® announced today the signing of several franchise development agreements to add 12 new locations to its development pipeline across multiple target markets. Led by five of the brand's existing franchisees, the developments are set to expand the brand's presence in Montana, Nebraska, Iowa, South Dakota, Illinois, Nevada, Missouri, and Texas. Freddy's consistent growth with its existing franchisee base showcases the promising opportunity the concept provides and how well it resonates within each market it enters.

Key Points: 
  • WICHITA, Kan., Oct. 11, 2022 /PRNewswire/ -- Fast-casual restaurant concept Freddy's Frozen Custard & Steakburgers announced today the signing of several franchise development agreements to add 12 new locations to its development pipeline across multiple target markets.
  • "I'm confident that their passion for the brand and knowledge of their respective communities will lead to great success.
  • For more information about development opportunities, contact Mary Coots, Director of Franchise Development, at [email protected] or 316-719-7854, or visit https://freddysfranchising.com .
  • Freddy's Frozen Custard & Steakburgers is a leading fast-casual franchise concept with more than 440 locations across 36 states nationwide.